PAMT (NASDAQ:PAMT) Issues Earnings Results

PAMT (NASDAQ:PAMT) issued its quarterly earnings data on Friday. The company reported ($0.46) EPS for the quarter, Zacks reports. The company had revenue of $141.88 million for the quarter. PAMT had a negative return on equity of 13.58% and a negative net margin of 8.80%.

PAMT Stock Down 3.9%

Shares of PAMT stock opened at $9.71 on Friday. The stock has a 50-day moving average price of $9.29 and a 200 day moving average price of $10.45. The company has a market cap of $203.37 million, a P/E ratio of -3.88 and a beta of 0.84. The company has a current ratio of 1.23, a quick ratio of 1.21 and a debt-to-equity ratio of 1.27. PAMT has a 1 year low of $7.15 and a 1 year high of $17.29.

Institutional Investors Weigh In On PAMT

Several hedge funds have recently bought and sold shares of PAMT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of PAMT during the 2nd quarter valued at about $44,000. Russell Investments Group Ltd. raised its stake in shares of PAMT by 841.7% in the 4th quarter. Russell Investments Group Ltd. now owns 4,699 shares of the company’s stock valued at $57,000 after acquiring an additional 4,200 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of PAMT in the 2nd quarter valued at approximately $88,000. Strs Ohio bought a new position in shares of PAMT in the 1st quarter valued at approximately $100,000. Finally, Bank of America Corp DE bought a new position in PAMT in the 2nd quarter worth approximately $159,000. 22.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wall Street Zen downgraded PAMT from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PAMT in a research note on Friday, March 27th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, PAMT presently has an average rating of “Reduce” and an average price target of $13.00.

PAMT Company Profile

PAM Transportation Services, Inc (NASDAQ: PAMT) is a specialized truckload carrier and logistics provider headquartered in Tontitown, Arkansas. Established in 1980, the company offers full truckload and dedicated transportation services across North America. PAMT’s freight network is configured to handle both temperature-controlled and dry goods, catering to clients in the food and beverage, retail, consumer packaged goods and industrial sectors.

The company operates a fleet of company-owned tractors and trailers, supported by a network of terminal locations and drop-yard facilities.